Can I retire at age 74 with 8,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$710,180$703,854$697,682$691,658$685,776$664,356
2 years$351,574$345,026$338,681$332,528$326,560$305,170
3 years$232,055$225,479$219,149$213,054$207,183$186,495
4 years$172,307$165,751$159,484$153,493$147,765$127,936
5 years$136,467$129,951$123,766$117,898$112,328$93,413
6 years$112,582$106,114$100,022$94,284$88,882$70,896
7 years$95,528$89,115$83,118$77,516$72,285$55,227
8 years$82,743$76,388$70,491$65,026$59,967$43,827
9 years$72,804$66,509$60,714$55,388$50,501$35,260
10 years$64,858$58,625$52,932$47,745$43,029$28,665
11 years$58,361$52,190$46,600$41,552$37,007$23,493
12 years$52,951$46,843$41,357$36,447$32,069$19,378
13 years$48,376$42,332$36,949$32,177$27,965$16,066
14 years$44,459$38,479$33,199$28,563$24,514$13,375
15 years$41,066$35,151$29,974$25,473$21,584$11,172
16 years$38,101$32,251$27,176$22,809$19,076$9,359
17 years$35,488$29,702$24,729$20,493$16,914$7,857
18 years$33,167$27,446$22,575$18,469$15,039$6,609
19 years$31,093$25,436$20,666$16,688$13,405$5,568
20 years$29,229$23,637$18,966$15,114$11,973$4,697
21 years$27,544$22,017$17,445$13,717$10,715$3,967
22 years$26,015$20,552$16,078$12,472$9,604$3,354
23 years$24,621$19,222$14,846$11,359$8,621$2,837
24 years$23,344$18,009$13,730$10,360$7,749$2,402
25 years$22,172$16,901$12,716$9,461$6,973$2,034
26 years$21,092$15,884$11,794$8,651$6,281$1,724
27 years$20,093$14,949$10,952$7,918$5,663$1,461
28 years$19,168$14,086$10,181$7,255$5,110$1,239
29 years$18,307$13,289$9,474$6,653$4,614$1,051
30 years$17,506$12,550$8,825$6,106$4,169$892
31 years$16,758$11,864$8,227$5,607$3,769$757
32 years$16,058$11,225$7,676$5,153$3,409$643
33 years$15,401$10,631$7,167$4,739$3,086$545
34 years$14,785$10,076$6,697$4,360$2,794$463
35 years$14,205$9,556$6,261$4,014$2,530$393
36 years$13,659$9,070$5,857$3,697$2,293$334
37 years$13,143$8,615$5,482$3,406$2,078$284
38 years$12,656$8,187$5,134$3,139$1,884$241
39 years$12,195$7,785$4,810$2,895$1,708$205
40 years$11,758$7,407$4,508$2,670$1,549$174
41 years$11,343$7,051$4,227$2,463$1,406$148
42 years$10,949$6,715$3,965$2,273$1,276$125
43 years$10,575$6,398$3,721$2,099$1,158$107
44 years$10,218$6,099$3,493$1,938$1,051$90
45 years$9,878$5,816$3,279$1,790$954$77
46 years$9,554$5,548$3,080$1,653$866$65
47 years$9,245$5,294$2,894$1,527$786$55
48 years$8,950$5,054$2,719$1,411$714$47
49 years$8,667$4,826$2,556$1,304$649$40
50 years$8,397$4,610$2,403$1,205$589$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $8,600,000, adding $2,659 every year, while hoping to spend $21,527 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 41/39/20 Blend
73$8,600,000$8,600,000$8,600,000$8,600,000
74$9,479,943$9,024,143$8,890,843$9,812,646
75$10,423,992$9,443,421$9,165,781$10,469,282
76$11,463,614$9,882,523$9,449,209$11,177,278
77$12,608,532$10,342,396$9,741,387$11,943,157
78$13,869,464$10,824,036$10,042,586$12,772,225
79$15,258,220$11,328,484$10,353,083$13,670,301
80$16,787,812$11,856,833$10,673,164$14,643,770
81$18,472,579$12,410,228$11,003,126$15,699,641
82$20,328,324$12,989,871$11,343,273$16,845,609
83$22,372,459$13,597,021$11,693,918$18,090,119
84$24,624,170$14,232,995$12,055,385$19,442,449
85$27,104,602$14,899,179$12,428,007$20,912,786
86$29,837,055$15,597,022$12,812,129$22,512,322
87$32,847,203$16,328,044$13,208,103$24,253,352
88$36,163,339$17,093,840$13,616,296$26,149,387
89$39,816,641$17,896,080$14,037,084$28,215,277
90$43,841,467$18,736,516$14,470,854$30,467,340
91$48,275,675$19,616,984$14,918,007$32,923,516
92$53,160,988$20,539,410$15,378,954$35,603,530
93$58,543,381$21,505,813$15,854,120$38,529,067
94$64,473,516$22,518,308$16,343,944$41,723,975
95$71,007,225$23,579,116$16,848,876$45,214,480
96$78,206,031$24,690,561$17,369,382$49,029,426
97$86,137,730$25,855,083$17,905,941$53,200,545
98$94,877,036$27,075,239$18,459,048$57,762,740
99$104,506,279$28,353,711$19,029,211$62,754,412
100$115,116,185$29,693,309$19,616,955$68,217,812